Oslo (2004-12-02): Yara has priced its previously announced 10-year bond offering of USD 500 million at a re-offer spread of 98 basis points over the US Treasuries.
The bond offering of US$ 500 million due December 15, 2014 was issued pursuant to rule 144A/Regulation S. The issue was well received in the market and was priced at a re-offer spread of 98 basis points over the US Treasuries giving a yield of 5.337% per annum. This corresponded to a spread of 57 basis points above Libor at the time of pricing.
Yara has recently been rated Baa2 (stable outlook) by Moody's and BBB (stable outlook) by Standard & Poor's.
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen based chemicals and is the leading supplier of liquid CO2.
This announcement does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to or for the benefit of U.S. persons except pursuant to an exemption from registration. Any offering of the Company's securities will be made only by means of prospectus/listing particulars that will contain detailed information about the Company and its management, as well as financial statements. There shall not be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Neither this announcement nor any copy hereof may be taken or transmitted into the United States, Japan, Canada or Australia or distributed directly or indirectly in the United States, Japan, Canada or Australia.